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Great News from Lehmann released today....
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Dear Ian,<br> <br> Dr. Steffen Goede was appointed by the insolvency court! His job is to salvage what is salvagable of Ernst Paul Lehmann Patentwerk. <br> <br> That boils down to finding a buyer or buyers who will assume the company including whatever liabilities. As an alternative he may sell off parts or parcels of the company, provided he can find buyers for those. <br> If neither is the case he will decide if liquidation will at least cover some of the outstanding loans which precipitated the insolvency. According to press reports the outstanding loans are approx. 20 million Euro; LGB's total gross sales (turnover) for the latest reported 12 months period were approx. 20 million Euro.<br> Also worth mentioning is the fact that KPMG provided a reorganization study on the situation. <br> <br> Best regards<br> <br> ER<br> <br> <br> <br>
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